What Are the Different Types of Business Finance Programs?

Financing strategy refers to the financing portfolio adopted by an enterprise in order to effectively support investment. The choice of financing strategy not only directly affects the profitability of the enterprise, but also affects the company's ability to pay debts and financial risks.

Corporate Finance Strategy

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Financing strategy refers to the measures adopted by enterprises to effectively support investment

The formulation of the financing strategic plan can be divided into different stages for implementation, and the work goals and methods are different because of the different stages.

The first stage, the design of the financing strategic plan

It is mainly to submit the basic structure of financing operation activities, including the purpose of financing, procedures, progress and other links. It is mainly to reach the financing operation organization or members of the enterprise or project to have a full understanding of financing activities, and to prepare and design the program To form a unified value concept, a common working method, and a consistent

(I) Problems in external financing ^[1]

(I) Broaden corporate financing channels

The development of an enterprise must be guaranteed by funds, especially in the period of strategic growth and development. First of all, we must actively promote enterprises to enter the property rights market, vigorously develop direct financing, and promote adjustment of corporate financing strategies. The second is to innovate the form of financing. According to the actual situation of the enterprise, it can flexibly choose the financing method, improve the share separation reform or use the intangible assets of the enterprise for equity financing, and so on. The third is to establish a financial company to enhance the financing function of the enterprise. Adjust the fund shortage of each member company within the group, increase the proportion of internal funds, and strengthen the cohesion of the group.

(II) Improving corporate governance structure is the key

First of all, it is required to standardize the operation of the enterprise according to the standards of clear property rights, clear responsibilities, separate government and enterprises, and scientific management of the modern enterprise system. Secondly, it is necessary to fully implement the relevant provisions of the Company Law, standardize the internal management system of enterprises, further improve the transparency of enterprises' information, and ensure that corporate investment and financing funds are subject to collective decision-making and scientific management. Third, further restrict and standardize government functions, reduce the occurrence of artificial "regulation" by the government in mergers and reorganizations of enterprises, and ensure that enterprises can operate completely independently and independently under the law.

(3) Development of other financing instruments

The first is the development of commercial credit financing. The proportion of commercial credit in the national economy is less than 5%, and the development prospect is broad. Chinese enterprises can use commercial credit to raise a large amount of short-term funds, reduce bank debt financing, and promote the formation of diversified property rights To optimize the financing structure. The second is to adapt to the new international capital operation trend and adopt a variety of methods to carry out overseas financing. For example, overseas direct stock listing and financing, overseas "buying a shell", "shell-making" listing financing, and overseas investment fund financing can all be used as entry points for Chinese enterprises' overseas financing. With the continuous integration of Chinese enterprises into the tide of international economic development, enterprises can also use credit financing through international financial institutions to improve the equity structure and debt structure and accelerate the internationalization of China's capital market. The third is the development of leasing financing. Compared with developed foreign leasing industries, China's financial leasing has a certain gap in terms of the number of institutions and the size of assets. The development of leasing financing can continuously expand the financing channels of enterprises, and can effectively avoid the risk of large-scale purchase of assets caused by scale expansion, and provide guarantee for the stable development of enterprises.